Pinoxaden refers to a type of white powder that belongs to the class of chemicals known as phenylpyrazole and was developed in 2015 by Syngenta Crop Protection AG. Herbicides are known for preventing the growth of weeds via a procedure that does not harm the environment or the crop in return. Thus, farmers are now preferring pinoxaden over harmful chemical herbicides that might also have various side effects on the environment. Pinoxaden is a type of herbicide which based on grass-weed and deters the production of membrane lipids. This leads to the withering of the target grass. Winter and spring barley and wheat are the main target crops worldwide. It is applicable during the early as well as late stages of growth. Globally, it is employed against barley and wheat weeds such as Setaria (foxtails), Poa (meadowgrass), Phalaris (canary grass), Avena (wild oats), Alopecurus (blackgrass), Lolium (ryegrass), and Apera (bentgrass). Pinoxaden is basically employed with safeners such as clodinafop-propargyl and cloquintocet-mexyl.

The global market for pinoxaden is expected to witness substantial growth in the coming years due to the growing need for enhanced yield of grains owing to swelling population and the succeeding need for food supply. Across the globe, the loss of barley and wheat owing to weed is 20% to 40% per year on an average. Hence, the demand for pinoxaden is growing globally. The global pinoxaden market is expected to rise at a 12.3% CAGR from 2014 and 2020. The market was pegged at US$385.4 mn in 2013 and is likely to rise to a valuation of US$862.2 mn.

Wheat Crop to Lead in terms of Use of Pinoxaden

Wheat crop accounted for over 80% of the overall demand across the globe for pinoxaden in 2013. The share of wheat crop in the global pinoxaden market is expected to further expand by the end of 2020. Growing resistance over herbicide for existing and current active ingredients such as glyphosate is projected to propel the growth of the global pinoxaden market in the coming years. The demand for pinoxaden for barley is anticipated to exhibit a growth rate which is expected to be in double digits. The market growth is further expected to be supplemented by the high demand from brewers for good quality barley crop.

Europe Surfaces as Leader Based on Consumption

Region-wise, the global pinoxaden market was dominated by Europe in 2013 with a share of 45% in the same year. At present, the region holds over 65% of the total barley production and 305 of the total wheat production globally. Furthermore, Germany, France, and Russia are the leading three nations producing barley. Thus, the demand for pinoxaden is comparatively high in Europe. Europe was closely trailed by North America in terms of consumption of pinoxaden in 2013. This growth can be attributed to the rising weed resistance of the present herbicide products and growing production of barley and wheat. The region which is likely to lead in terms of growth rate is Asia Pacific. India and China are the dominant producers of wheat worldwide. The Rest of the World is expected to account for a minute share in the global market in the coming years.

The patent for pinoxaden is currently with Syngenta AG, but the patent is expected to expire in 2020. Numerous new entrants are expected to participate in the competition in the global pinoxaden market, thus, resulting in an intensified competition in the market.

Pinoxaden is a grass-weed herbicide, which inhibits the synthesis of membrane lipids. This results in desiccation of the target grass. Globally, it is used for against wheat and barley weeds such as Apera (bentgrass), Lolium (ryegrass), Alopecurus (blackgrass), Avena (wild oats), Phalaris (canary grass), Poa (meadowgrass) and Setaria (foxtails). Spring and winter wheat and barley are the major target crops across the globe. Pinoxaden is usually applied at a rate of 36-62 g a.i/hectare, depending upon the region and target grass species. It can be applied during early to late growth stages. Pinoxaden is primarily used along with safeners such as cloquintocet-mexyl and clodinafop-propargyl.

Demand for pinoxaden is expected to rise in the near future due to growing need for higher yield of grains, led by increasing population, coupled with the subsequent need for supply of food. Globally, the loss of wheat and barley due to weeds stands at 20% to 40% on an average in a year. Thus, demand for pinoxaden is rising globally, as it acts as an excellent grass-weed control herbicide. However, high prices of pinoxaden are estimated to hamper market growth.

The report includes market estimates and forecast of pinoxaden from 2013 to 2020 in terms of volume and revenue. The market has been forecast for the period between 2014 and 2020, considering 2013 as the base year. The market has been analyzed in terms of volumes in tons and revenue in US$ Mn. The global pinoxaden market has been further analyzed by crop segments into wheat and barley. The pinoxaden market has been analyzed based on expected demand. The market data for each segment is based on demand volumes and corresponding revenues. Prices considered for calculation of revenue are average regional prices obtained through primary quotes from numerous regional suppliers, distributors, and direct selling regional producers, based on manufacturer feedback and application requirement. The market analyzes each crop segment at the global as well as regional level. The global market is segmented into various geographical regions as North America, Europe, Asia Pacific and Rest of the World (RoW). RoW includes Latin America, the Middle East and Africa. Each of these regions has been analyzed by crop type from 2013 to 2020.

Extensive secondary research was conducted to estimate market data. Secondary research includes a search of recent trade, technical writing, internet sources, investor presentation, and statistical data from government websites, SEC filings, trade associations and agencies. Findings from secondary research are validated through primary interviews with a wide range of key industry participants and opinion leaders. Major secondary sources referred for this study include The U.S. Department of Agriculture (USDA), The U.S. Environmental Protection Agency (EPA), The European Food Safety Authority (EFSA), Friends of the Earth Europe (FoE Europe), Food and Agriculture Organization Corporate Statistical Database (FAOSTAT), AgroNews, company annual reports, and magazines. This has proven to be the most effective, reliable and successful method for obtaining accurate market data, capturing industry participants’ insights and recognizing business opportunities. The global pinoxaden market was estimated and forecasted through the top-down approach for each geographic region and bottom-up approach for each crop segment.

The report includes the company profile of Syngenta AG that focuses on overview, financial summary, business strategy and recent developments.

This report segments the global pinoxaden market as follows:

Pinoxaden Market – Crop Segment Analysis

Wheat

Barley

Pinoxaden Market – Regional Analysis

North America

Europe

Asia Pacific

Rest of the World

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